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Havells IndiaNSE:HAVELLS +1.44%94 PS Ratio is 3.24 as of Jul. 22, 2026, which is 35% below its 10-year median of 4.98. GuruFocus rates NSE:HAVELLS with a GF Score™ of 94/100 and a GF Value™ of ₹1,767.25 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 3,021 Industrial Products companies, Havells India ranks worse than 67.26% on this metric.
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. As of today, Havells India's share price is ₹1217.60.
Havells India's Revenue per Share for the trailing twelve months (TTM) ended in Jun. 2026 was ₹375.63. Hence, Havells India's PS Ratio for today is 3.24.
Good Sign:
Havells India Ltd stock PS Ratio (=3.2) is close to 10-year low of 3.06.
The historical rank and industry rank for Havells India's PS Ratio or its related term are showing as below:
NSE:HAVELLS'
s PS Ratio Range Over the Past 10 Years
Min: 3.06 Med: 4.98 Max: 1740.02
Current: 3.25
During the past 13 years, Havells India's highest PS Ratio was 1740.02. The lowest was 3.06. And the median was 4.98.
NSE:HAVELLS's PS Ratio is ranked worse than 67.26% of 3021
companies
in the Industrial Products industry
Industry Median: 1.9
vs NSE:HAVELLS: 3.25
Havells India Ltd has shown predictable revenue and earnings growth.
During the past 12 months, the average Revenue per Share Growth Rate of Havells India was 10.00% per year.
During the past 3 years, the average Revenue per Share Growth Rate was 9.80% per year.
During the past 5 years, the average Revenue per Share Growth Rate was 16.10% per year.
During the past 10 years, the average Revenue per Share Growth Rate was 13.90% per year.
During the past 13 years, Havells India's highest 3-Year average Revenue per Share Growth Rate was 90.40% per year. The lowest was -9.20% per year. And the median was 11.30% per year.
Back to Basics: PS Ratio
Havells India (NSE:HAVELLS) PS Ratio Explanation
The PS Ratio is an excellent valuation indicator if you want to compare a stock with its historical valuation or with the stocks in the same industry. The PS Ratio works especially well when you want to compare the stock's current valuation with its historical valuation. The PS Ratio is a great valuation tool for evaluating cyclical businesses where the PE Ratio works poorly. It works the best when comparing the current valuation with the historical valuation because over time, a company's profit margin tends to revert to the mean.
When the PS Ratio is applied to the whole stock market, it can be used to evaluate the current market valuation and projected returns. In this case, the price is the total market cap of all stocks that are traded, and sales are the GDP of the country. This is how Warren Buffett estimates the broad market valuation and project future returns.
The PS Ratio does not tell you how cheap or expensive the stock is. It cannot be used to compare companies in different industries. It works better for companies within the same industry because these companies tend to have similar capital structures and profit margins. It works the best when comparing a company with itself in the past.
Havells India PS Ratio Related Terms
Havells India PS Ratio Historical Data
* Premium members only.
The historical data trend for Havells India's PS Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Electrical Equipment & Parts subindustry, Havells India's PS Ratio, along with its competitors' market caps and PS Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Havells India PS Ratio vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Havells India's PS Ratio distribution charts can be found below:
* The bar in red indicates where Havells India's PS Ratio falls into.
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. It is a ratio widely used to value stocks and it was first used by Ken Fisher.
Havells India's Share Price of today is ₹1217.60. Havells India's Revenue per Share for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹375.63.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
It can also be calculated from the numbers for the whole company:
Havells India (NSE:HAVELLS) has a PS Ratio of 3.24 as of Jul. 22, 2026. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Havells India and its competitors. This is 35% below median its historical median of 4.98. Over the past decade, Havells India's PS Ratio has ranged from 3.06 to 1,740.02. According to the industry distribution chart, Havells India ranks #2032 out of 3021 companies in the Industrial Products industry, placing it in the top 67.3%.
Is Havells India's PS Ratio too high?
Havells India's current PS Ratio of 3.24 is 35% below median its 10-year median of 4.98. Over the past 10 years, this metric has ranged from a low of 3.06 to a high of 1,740.02. The Industrial Products industry median PS Ratio is 1.90. Havells India's value of 3.24 is 70.5% above this industry median. Based on the distribution chart, Havells India ranks #2032 out of 3021 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Havells India has a GF Score™ of 94/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Havells India's PS Ratio compare to VRT and BE?
According to the Industrial Products industry distribution chart, Havells India ranks #2032 out of 3021 companies for PS Ratio. This places Havells India in the lower half of its industry. The industry median PS Ratio is 1.90. Havells India's value of 3.24 is 70.5% above this benchmark. Historically, Havells India's own PS Ratio has ranged from 3.06 to 1,740.02 over the past decade. While the company's 10-year median is 4.98 vs. the industry median of 1.90, Havells India has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good PS Ratio for an Industrial Products company?
The median PS Ratio among Industrial Products companies is 1.90, based on 3,021 companies in the industry. Companies in the top quartile (top 25%) have a PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Havells India's current PS Ratio of 3.24 is 70.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high PS Ratio mean?
A high PS Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Havells India and its competitors. For the Industrial Products industry, the median PS Ratio is 1.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Havells India's current PS Ratio is 3.24, which is 35% below median its own 10-year median of 4.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Havells India stock overvalued right now?
Based on GuruFocus' analysis, Havells India (NSE:HAVELLS) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹1,767.25, compared to a current price of ₹1,217.60 — trading 31.1% below its estimated fair value. The current PS Ratio is 3.24, which is 35% below median its 10-year median of 4.98 and 70.5% above the Industrial Products industry median of 1.90. Havells India's overall GF Score™ is 94/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PS Ratio calculated?
PS Ratio is calculated from a company's financial statements. For Havells India (NSE:HAVELLS), the current PS Ratio is 3.24 as of Jul. 22, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Havells India (NSE:HAVELLS) Overvalued in 2026?
Based on GuruFocus' analysis, Havells India stock appears to be undervalued.
The current stock price of ₹1,217.60 is trading 31.1% below its estimated GF Value™ of ₹1,767.25.
GuruFocus considers Havells India to be Significantly Undervalued.
Key valuation signals for NSE:HAVELLS:
PS Ratio: 3.24 (35% below median its 10-year median of 4.98)
GF Value™: ₹1,767.25 vs. price of ₹1,217.60 (31.1% below fair value)
Industry Position: 70.5% above the Industrial Products median (#2032 of 3021)
No single metric tells the full story. See the NSE:HAVELLS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Havells India Ltd manufactures and distributes electrical equipment for consumer and industrial applications. Its product portfolio includes fans, appliances, switches, lighting, switch gears, circuit breakers, water heaters, air purifiers, flexible cables, air coolers, monoblock and submersible pumps, personal grooming products, motors, and reactive power solutions. The firm has seven manufacturing facilities, all of which are in India. The company operates in multiple segments: Switchgear (domestic and industrial), which derives maximum revenue, Cables (domestic and industrial underground), Lighting and Fixtures (LED lamps), Electrical Consumer Durables (fans, water heaters), Lloyd Consumer products (air conditioners, televisions), and Others (industrial motors, water purifiers).
94GF Score
Get the complete analysis for NSE:HAVELLS
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